A record auction price of $1.38 million was achieved by a U.S. copper coin when it was sold Jan. 4 by Heritage Auctions at its Platinum Night event conducted during the Florida United Numismatists convention in Orlando.
The new record holder is a 1793 Chain cent, Sheldon-4, that was graded MS-65 Brown by the Professional Coin Grading Service.
It was part of the Denis W. Loring Collection of 1793 large cents that helped Heritage achieve total coin sales of almost $56 million at FUN plus more than another $8 million generated by its paper money auction.
“This amazing 1793 Chain cent, the Cleneay-Atwater-Eliasberg Specimen and the plate coin in Walter Breen’s Encyclopedia of Early United States Cents 1793-1814 is a sensational coin in every sense,” said Jim Halperin, Heritage co-founder. “It’s got the whole package: history, rarity and beauty. Top collectors obviously realized that and went after it accordingly. It’s now the centerpiece of a very advanced collection.”
Gold coins also contributed extensively to the overall prices realized.
A Proof-64 PCGS Secure 1829 $5 gold piece with a large date also brought $1.38 million.
Individual coin prices include a 15 percent buyer’s fee.
“This important 1829 Large Date $5 is known as the Garrett Specimen and is the only certified proof of its type,” said Halperin. “It would be important in any event, but this distinction as the only proof, which both PCGS and CAC agree upon, confer even great importance on it.”
Collectively, Dr. Steven Duckor’s 52-piece Saint-Gaudens $20 collection realized $5.68 million, an average of nearly $110,000 per coin, with 33 of them setting or tying price records for date/grade, Heritage pointed out.
The finest of five or six known 1828/7 gold $5 coins graded MS-64 by Numismatic Guaranty Corp. with CAC sticker, brought $632,500 and a 1920-S $20 in PCGS Secure MS-66 with CAC sticker, realized $575,000. This coin is tied for finest known.
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Bringing $546,250 was an NGC MS-67 1776 Continental dollar in pewter. It is the CURRENCY and EG FECIT variety. It was called the finest known.
A small-date 1829 gold $5 graded MS-61 by PCGS with CAC sticker was bid to $431,250.
An MS-64+ 1933 $10 in a PCGS Secure holder realized $402,500. And an identical amount bought an 1828 $5 gold piece called PCGS MS-64 with CAC sticker.
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